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Strong U.S. data highlights the resilience of the economy

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Better-than-expected U.S. retail sales in August support continued real GDP growth in Q3. Strong rebound in industrial production, led by vehicles. But year-to-year growth still stalled. Business inventories keep broadly in line with demand. Builder sentiment up, amid falling mortgage rates. Portends a pickup in housing starts in the coming months. German investor sentiment plunges, weighing on economic outlook. Canadian CPI sets the stage for more BoC rate cuts.

Ned Davis Research | Economics | Daily Economic Perspectives | Daily

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